> For the complete documentation index, see [llms.txt](https://docs.alfred.trade/alfred-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.alfred.trade/alfred-documentation/using-alfredo-trade/trigger-order.md). # 🔻 Trigger Order ## Sell Trigger Order A trigger order enables the user to automatically execute a sale of their position when a specified condition is met. A Limit Order and a Trigger Order are different. A Limit Order sells at the exact price you set, but a Trigger Order might not because of slippage. So, when you sell with a Trigger Order, the final selling price could be different from the one you chose. Slippage Tolerance is set at 25% for the Take Profit orders and 50% for Stop Loss orders. The current open orders limitation is 5. So the user can not create more than 5 orders overall.

### Order types There are two types of Sell orders: * Stop Loss (SL). Sl order is a “command” to sell a token when its Price or FDV drops to a set level, reducing potential losses. * Take Profit (TP). TP order is a “command” to sell a token when its Price or FDV rises to a predetermined condition, aiming to secure profits. Users may choose the type of order by clicking on the “Take Profit” or “Stop Loss” buttons. ### Take Profit order

There are 2 possible configurations in the Take Profit order: * Amount. 50% or Custom %. If the user clicks on the "Amount: —%" button, they will need to enter a percentage value manually. For example, entering "44" means 44%. The available options range from 0 to 100. * Sell Trigger. Users can pick one of two triggers: either the token's growth percentage compared to its current price, or its Fully Diluted Valuation (FDV). * Take Profit: 100% (x2), 200% (x3), 300% (x4) or Custom Input. If the user clicks on the "TP: —%" button, they will need to enter a percentage value manually. For example, entering "501" means 501%. There is no limitation for % value. * FDV: Custom input of the Sell Trigger FDV. The possible values are from 0 to 10,000,000,000,000. *In custom fields, only numbers should be entered; including symbols such as % or others will result in an error.* ### Stop Loss order

There are 2 possible configurations in the Stop Loss order: * Amount. 50% or Custom %. If the user clicks on the "Amount: —%" button, they will need to enter a percentage value manually. For example, entering "44" means 44%. The available options range from 0 to 100. * Sell Trigger. Users can pick one of two triggers: either the token's growth percentage compared to its current price, or its Fully Diluted Valuation (FDV). * Stop Loss: -10%, -25%, -50%, or Custom Input. If the user clicks on the "SL: —%" button, they will need to enter a percentage value manually. For example, entering "20" means -20%. The available options range from 0 to 100. * FDV: Custom input of the Sell Trigger FDV. The possible values are from 0 to 10,000,000,000,000. ### Edit Existing Order The user may see the list of created Trigger Orders under every position.

If the user clicks on the Open Orders button the following menu appears:

Possible options are: * Edit Order. All parameters, except for the order type (Take Profit or Stop Loss), are editable. * Cancel Order. The order will be immediately canceled after confirmation.

If the user chooses to continue with the edited order the previous order will be automatically replaced by a new one.